Pay Strategy May Be Defined in Terms of a Series

question 1

Multiple Choice

Pay strategy may be defined in terms of a series of interlocking strategic choices on:

• A) Basis of pay,units of aggregations,patterns of variation in pay and job evaluations
• B) Industry/competition,size of organization,organizational structure and job evaluations
• C) Employment relationships,corporate culture,basis of pay and job evaluation
• D) Local market conditions,laws,basis of pay and job evaluations

---

Definitions:

Private Property

Ownership of assets (land, buildings, goods) by individuals or corporations, legally protected by the government.

Karl Marx

A 19th-century philosopher, economist, and social scientist best known for his theories about capitalism and communism.

Capitalist

An economic system in which private individuals rather than the state own and control property and businesses, operating for a profit.

Worker

An individual who performs tasks or labors for payment, contributing their skills and efforts to an organization or economy.